The good news is that the slowdown in March was a blip: only 79K jobs gained according to the revised data. The excuse about the weather has turned into a valid reason. The job gains in April, 211K, shows a positive trend. However, the full employment theory does not seem to hold: big job gains [...]
The post NFP Analysis: Still lots of slack – lower chances of a rate hike appeared first on Forex Crunch.
Canada was expected to report a gain of 10K jobs in April after 19.4K in March. The unemployment rate was expected to remain unchanged at 6.7%. The previous participation rate was 65.9%. USD/CAD traded under the resistance line of 1.38. The pair was rejected this high level as oil prices stabilized. However, the bigger picture [...]
The post Canada gains only 3.2K jobs but unemployment falls to 6.5% appeared first on Forex Crunch.
Better than expected jobs report: the US economy gained 211K jobs in April and the unemployment rate ticked down to 4.4%. Wages are up 0.3% m/m as expected but only 2.5% y/y. The dollar began positively but is now sliding. The US was expected to report a gain of around 195K jobs in April, after [...]
The post NFP beats with 211K but wages only 2.5% y/y – USD cannot rally appeared first on Forex Crunch.
